Resolution | The Guardianhttps://www.theguardian.com/business/resolution
Latest news and features from theguardian.com, the world's leading liberal voiceen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2017Thu, 14 Dec 2017 03:49:57 GMT2017-12-14T03:49:57Zen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2017The Guardianhttps://assets.guim.co.uk/images/guardian-logo-rss.c45beb1bafa34b347ac333af2e6fe23f.pnghttps://www.theguardian.com
FTSE edges to new three week high ahead of European Central Bank meetinghttps://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-new-three-week-high-ecb
Mining and banking shares move higher as investors continue to back risk assets<p>Leading shares moved higher again after reasonable eurozone and US data, with mining shares among the main risers.</p><p>Ahead of the latest European Central Bank meeting on Thursday and the US non-farm payrolls data on Friday, the <strong>FTSE 100</strong> edged up 6.43 points to 6659.04, a new three week high. Alastair McCaig, market analyst at IG, said:</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-new-three-week-high-ecb">Continue reading...</a>BusinessFresnilloAntofagastaBarclaysRoyal Bank of ScotlandReckitt BenckiserGlaxoSmithKlineTescoMorrisonsResolutionPearsonAvivaAmecFirstGroupWed, 02 Apr 2014 15:57:41 GMThttp://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-new-three-week-high-ecbNick Fletcher2014-04-02T15:57:41ZFTSE edges higher but Reckitt hit by JP Morgan downgradehttps://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-higher-reckitt-jp-morgan-downgrade
Bank says shares already expecting Merck deal and positive pharmaceuticals news<p>Mining and banking shares are leading the way as the market holds steady at a three week high.</p><p>But leading shares are being held back by a number of major companies going ex-dividend and a downgrade of <strong>Reckitt Benckiser</strong>.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-higher-reckitt-jp-morgan-downgrade">Continue reading...</a>BusinessReckitt BenckiserFresnilloAntofagastaBarclaysRoyal Bank of ScotlandAmecResolutionPearsonAvivaWed, 02 Apr 2014 08:47:30 GMThttp://www.theguardian.com/business/marketforceslive/2014/apr/02/ftse-higher-reckitt-jp-morgan-downgradeNick Fletcher2014-04-02T08:47:30ZFTSE falters on final day of quarter but Babcock boosted by nuclear dealhttps://www.theguardian.com/business/marketforceslive/2014/mar/31/ftse-falters-ecb-babcock-rises-nuclear-deal
After bright start leading shares close lower as hopes of ECB stimulus measures fade<p>Leading shares closed a downbeat quarter in appropriately negative fashion.</p><p>It had started so well, with European markets lifted by the idea that the European Central Bank might act to combat the threat of deflation when it meets on Thursday. This thought was encouraged by recent comments from council members, not to mention news of a eurozone inflation rate of just 0.5% in March. But as the day wore on, hopes of an ECB move faded, and markets ended the day lower.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/31/ftse-falters-ecb-babcock-rises-nuclear-deal">Continue reading...</a>BusinessBabcock InternationalAvivaResolutionPrudentialGlaxoSmithKlineRio TintoAnglo AmericanARMSSECentricaMon, 31 Mar 2014 15:55:56 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/31/ftse-falters-ecb-babcock-rises-nuclear-dealNick Fletcher2014-03-31T15:55:56ZGlaxo falls on drug trial disappointment but FTSE lifted by central bank hopeshttps://www.theguardian.com/business/marketforceslive/2014/mar/31/glaxo-heart-drug-disappointment-ftse-central-banks
Heart disease treatment fails main goal of study, pushing drugmaker sharply lower<p>As markets rise on the last day of the quarter,<strong> GlaxoSmithkline</strong> is under pressure after disappointing drug trial results.</p><p>Its darapladib treatment for heart disease failed the main goal of a phase 3 study, but the co-chair of the trial said there could still be benefits. Dr Harvey White said:</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/31/glaxo-heart-drug-disappointment-ftse-central-banks">Continue reading...</a>BusinessTechnologyGlaxoSmithKlineRio TintoAnglo AmericanARMResolutionRSA InsuranceMon, 31 Mar 2014 08:28:54 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/31/glaxo-heart-drug-disappointment-ftse-central-banksNick Fletcher2014-03-31T08:28:54ZInsurers slump but miners help lift FTSE 100 to second consecutive weekly risehttps://www.theguardian.com/business/marketforceslive/2014/mar/28/insurers-slump-miners-rise-lifting-ftse100
Probe into pensions and savings plan puts insurance companies under pressure again<p>Leading shares rose for the second week despite the growing tensions between Russia and the West over Ukraine, as investors gambled on the prospect of further economic stimulus from China and the European Central Bank.</p><p>But insurance companies - already struggling to recover after last week's budget setback for them regarding annuities - fell sharply once more on news that UK watchdog the Financial Conduct Authority plans to investigate whether consumers sold pension and savings plans before 2000 had been treated fairly.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/28/insurers-slump-miners-rise-lifting-ftse100">Continue reading...</a>BusinessResolutionLegal and GeneralAvivaStandard LifePrudentialLloyds Banking GroupGlencoreAnglo AmericanAntofagastaRio TintoShireSmith and NephewG4SBabcock InternationalMitchells & ButlersGreene KingFri, 28 Mar 2014 17:01:19 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/28/insurers-slump-miners-rise-lifting-ftse100Nick Fletcher2014-03-28T17:01:19ZMining shares lifted by China comments but insurers slump after investigationhttps://www.theguardian.com/business/marketforceslive/2014/mar/28/miners-china-insurers-investigation
FTSE 100 moves higher as commodity companies benefit from Chinese growth hopes<p>Miners and insurers have both been in the spotlight in recent days, and the two sectors are dominating the market again.</p><p>Positive comments from China's premier, Li Keqiang, <a href="http://www.theguardian.com/world/2014/mar/28/china-tries-soothe-anxious-markets-weak-forecasts" title="">eased fears that the country's economy would continue to slow down</a>, and reinforced views that the government would act to stimulate growth if necessary. He said:</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/28/miners-china-insurers-investigation">Continue reading...</a>BusinessGlencoreAnglo AmericanAntofagastaRio TintoResolutionLegal and GeneralAvivaStandard LifePrudentialFri, 28 Mar 2014 09:32:14 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/28/miners-china-insurers-investigationNick Fletcher2014-03-28T09:32:14ZFTSE breaks three week losing streak as miners recover, but insurers sufferhttps://www.theguardian.com/business/marketforceslive/2014/mar/21/ftse-breaks-three-week-miners-insurers
Hopes of new Chinese measures lift commodity companies after recent falls<p>The FTSE 100 broke a three week losing streak despite growing tensions between the west and Russia over Ukraine, uncertainty about the Chinese economy and confusion about the US Federal Reserve's interest rate plans.</p><p>And George Osborne's latest budget also played its part in what was another volatile week, with insurers in particularly badly hit by the chancellor's surprise announcement that pensioners would no longer be forced to buy an annuity when they retired.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/21/ftse-breaks-three-week-miners-insurers">Continue reading...</a>BusinessLegal and GeneralAvivaPrudentialResolutionWilliam HillLadbrokesAnglo AmericanFresnilloRio TintoBurberryFri, 21 Mar 2014 17:03:27 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/21/ftse-breaks-three-week-miners-insurersNick Fletcher2014-03-21T17:03:27ZResolution recovers after budget falls and FTSE edges higher despite Russia sanctionshttps://www.theguardian.com/business/marketforceslive/2014/mar/21/resolution-budget-ftse-higher-russia-tensions
Investors remain cautious as tensions over Ukraine grow and sanctions imposed<p>One of the insurers hit by the changes to annuities announced in Wednesday's budget, <strong>Resolution</strong>, has been revived by a broker upgrade.</p><p>The company - which this week also said its restructuring was complete, its founders were leaving and it would be renamed Friends Life - is 8.7p higher at 326.8p, making it the biggest riser in the FTSE 100.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/21/resolution-budget-ftse-higher-russia-tensions">Continue reading...</a>BusinessResolutionAvivaLegal and GeneralBurberryAnglo AmericanFresnilloFri, 21 Mar 2014 09:34:31 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/21/resolution-budget-ftse-higher-russia-tensionsNick Fletcher2014-03-21T09:34:31ZPension shakeup in budget leaves £14bn annuities industry reelinghttps://www.theguardian.com/money/2014/mar/20/budget-annuities-pensions-george-osborne
• Fears retirees will splurge cash or leave it to languish<br />• Shares plunge as sector is forecast to contract hugely<p>The dramatic liberalisation of Britain's pension system unveiled in the budget is likely to pump up house prices, spark a bonanza for estate agents, car dealers and cruise ship operators – and could deal a devastating blow for the UK's £14bn annuity business.</p><p>George Osborne's budget on Wednesday – in which he declared that "no one will have to buy an annuity" – swept away most of the regulations on pensions, freeing savers to do what they like with their retirement savings, starting from April next year.</p> <a href="https://www.theguardian.com/money/2014/mar/20/budget-annuities-pensions-george-osborne">Continue reading...</a>AnnuitiesPensionsRetirement planningMoneyGeorge OsbornePoliticsBudgetUK newsBudget 2014Insurance industryBusinessStock marketsRSA InsuranceResolutionThu, 20 Mar 2014 23:50:30 GMThttp://www.theguardian.com/money/2014/mar/20/budget-annuities-pensions-george-osbornePhotograph: Rui Vieira/PA Wire/Press Association ImagesA pensioner in south Derbyshire on her mobility scooter. Photograph: Rui Vieira/PA Wire/Press Association ImagesPhotograph: Rui Vieira/PA Wire/Press Association ImagesA pensioner in south Derbyshire on her mobility scooter. Photograph: Rui Vieira/PA Wire/Press Association ImagesPatrick Collinson2014-03-20T23:50:30ZFTSE closes higher despite Ukraine fearshttps://www.theguardian.com/business/marketforceslive/2014/mar/18/ftse-bae-system-resolution
BAE Systems climbs on upgrade, as shares shake off Crimea fears<p>Leading shares shook off early fears after a speech by Russian president Vladimir Putin on the Ukraine which was interpreted as being conciliatory in tone.</p><p>The <strong>FTSE 100 </strong>finished 36.93 points higher at at 6605.28, with defence group<strong> BAE Systems</strong> the day's biggest gainer.</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/18/ftse-bae-system-resolution">Continue reading...</a>BusinessBAE SystemsFresnilloResolutionTue, 18 Mar 2014 18:23:01 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/18/ftse-bae-system-resolutionNick Fletcher2014-03-18T18:23:01ZResolution drops as it plans to change name and founder Cowdery departshttps://www.theguardian.com/business/marketforceslive/2014/mar/18/resolution-restructuring-complete-name-change
Insurer says restructuring is complete and it will be rebranded as Friends Life<p>A new phase for insurer <strong>Resolution</strong> seems to have left the City underwhelmed, with the company's shares the biggest faller in the FTSE 100.</p><p>The company was set up by entrepreneur Clive Cowdery to buy underperforming closed life funds, but now it says its restructuring is complete. This is underlined by news that Cowdery and fellow founder John Tiner will step down as a non-executive directors, and it will drop the Resolution name in favour of its Friends Life brand. It said it had achieved £160m of costs savings during a three year restructuring programme to bring its acquisitions together, and now planned to establish itself as a leading player in the life and pension market. It also reported operating profits up 59% to £436m, with a flat dividend of 21.14p a share. The company said:</p> <a href="https://www.theguardian.com/business/marketforceslive/2014/mar/18/resolution-restructuring-complete-name-change">Continue reading...</a>BusinessResolutionTue, 18 Mar 2014 11:34:26 GMThttp://www.theguardian.com/business/marketforceslive/2014/mar/18/resolution-restructuring-complete-name-changeNick Fletcher2014-03-18T11:34:26ZFTSE falters despite Dow record but graphene company shares triple in three dayshttps://www.theguardian.com/business/marketforceslive/2013/nov/22/ftse-falters-dow-record-graphene
Investors believe US Federal Reserve will pesist with QE but remain nervous<p>Much of the market focus last week was again on how long central banks would keep the money taps switched on. Optimism that any easing of the economic stimulus would not happen until next year helped push the Dow Jones Industrial Average past the 16,000 level for the first time, and gave support to European markets.</p><p>But lower down the pecking order, a UK high tech company caught the eye as it joined the Aim market and made an even better start to public life than <strong>Royal Mail</strong>.</p> <a href="https://www.theguardian.com/business/marketforceslive/2013/nov/22/ftse-falters-dow-record-graphene">Continue reading...</a>BusinessRoyal MailVedanta ResourcesFresnilloAntofagastaTalvivaara Mining CompanyTui TravelEssar EnergyWhitbreadWilliam HillTullow OilResolutionMorrisonsAstraZenecaSercoG4SCapitaFri, 22 Nov 2013 17:09:36 GMThttp://www.theguardian.com/business/marketforceslive/2013/nov/22/ftse-falters-dow-record-grapheneNick Fletcher2013-11-22T17:09:36ZClive Cowdery's new resolution: keep it simplehttps://www.theguardian.com/business/nils-pratley-on-finance/2013/jul/18/resolution-insurance-names
Insurance entrepreneur makes life unnecessarily complicated by using the same name for companies that are entirely unrelated in terms of ownership and operations<p>There's no end in sight to Clive Cowdery's Resolutions. Mark 1 ended up with Hugh Osmond's Pearl Group in a top-of-the-market deal in 2008. Mark 2, Resolution Ltd, is the FTSE 100 owner of Friends Life, where things are looking better after an iffy start. Now here comes the third adventure in mopping up unloved insurance business. Resolution Life Holdings, the first expedition into the US, is to buy Lincoln Benefit Life for $600m (£394m).</p><p>One can understand why Cowdery insists on using the same name for companies that are entirely unrelated in terms of ownership and operations. It's a branding thing and helps when recruiting a fresh set of investors. On his American tour, for example, Cowdery will have been able to point to the FTSE 100 for evidence that he's a serious player.</p> <a href="https://www.theguardian.com/business/nils-pratley-on-finance/2013/jul/18/resolution-insurance-names">Continue reading...</a>ResolutionInsurance industryBusinessClive CowderyThu, 18 Jul 2013 14:49:32 GMThttp://www.theguardian.com/business/nils-pratley-on-finance/2013/jul/18/resolution-insurance-namesPhotograph: Rex FeaturesClive Cowdery, Resolution boss. Photograph: Rex FeaturesPhotograph: Rex FeaturesClive Cowdery, Resolution boss. Photograph: Rex FeaturesNils Pratley2013-07-18T14:49:32ZFTSE 100 records another positive week but Reckitt rocked by Suboxone fearshttps://www.theguardian.com/business/marketforceslive/2013/jul/12/ftse-100-rises-reckitt-falls-suboxone-film
Shares lose 5% as US healthcare company says it will drop film version of Reckitt's heroin substitute<p><strong>Reckitt Benckiser</strong> is best known for its consumer products like Cillit Bang, but it also makes substantial profits from its pharmaceuticals business, notably its Suboxone heroin substitute.</p><p>With its Suboxone tablets out of patent, Reckitt has been <a href="http://www.guardian.co.uk/business/2012/oct/01/expert-questions-reckitt-benckiser-withdrawal-of-suboxone" title="">trying to encourage the use of its film version instead</a>, which is still protected from generic competition.</p> <a href="https://www.theguardian.com/business/marketforceslive/2013/jul/12/ftse-100-rises-reckitt-falls-suboxone-film">Continue reading...</a>BusinessReckitt BenckiserLloyds Banking GroupRoyal Bank of ScotlandResolutionITVFresnilloAnglo AmericanExperianBritish American TobaccoImperial TobaccoInvensysFri, 12 Jul 2013 16:02:51 GMThttp://www.theguardian.com/business/marketforceslive/2013/jul/12/ftse-100-rises-reckitt-falls-suboxone-filmNick Fletcher2013-07-12T16:02:51ZResolution rises but Reckitt dips as FTSE 100 continues to shinehttps://www.theguardian.com/business/marketforceslive/2013/jul/12/resolution-reckitt-ftse-100-bernanke-miners
Leading shares continue to be lifted by hopes of continuing quantitative easing, but mining shares slip back<p>As markets head higher again, Nomura can award itself a prize for influencing both the biggest riser and biggest faller in the FTSE 100.</p><p>Insurer <strong>Resolution</strong> has risen 8.4p to 316.4p after analysts at the Japanese bank raised its rating from reduce to neutral and its target price from 250p to 311p.</p> <a href="https://www.theguardian.com/business/marketforceslive/2013/jul/12/resolution-reckitt-ftse-100-bernanke-miners">Continue reading...</a>BusinessResolutionReckitt BenckiserRoyal Bank of ScotlandFresnilloGlencoreExperianFri, 12 Jul 2013 08:30:56 GMThttp://www.theguardian.com/business/marketforceslive/2013/jul/12/resolution-reckitt-ftse-100-bernanke-minersNick Fletcher2013-07-12T08:30:56ZFTSE moves higher ahead of Federal Reserve meeting but chip designer Arm misses outhttps://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-arm-imagination-technologies
Technology company leads FTSE 100 fallers on fears of growing competition from Intel in key market<p>Markets moved higher ahead of this week's US Federal Reserve meeting, but UK chip designers missed out on the rally.</p><p><strong>Arm</strong> dropped 32p to 830p on growing concerns about increased competition from rival Intel, while <strong>Imagination Technologies</strong> lost 10.7p to 304.7p despite announcing a licensing deal with US semiconductor group Cavium.</p> <a href="https://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-arm-imagination-technologies">Continue reading...</a>BusinessTechnologyARMVodafoneResolutionLegal and GeneralReckitt BenckiserAssociated British FoodsPetrofacWS AtkinsFirstGroupMon, 17 Jun 2013 16:22:39 GMThttp://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-arm-imagination-technologiesNick Fletcher2013-06-17T16:22:39ZFTSE 100 sees early gains with defensive stocks in focushttps://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-gains-reckitt-undervalued
Reckitt Benckiser rises after positive note from Citigroup points to pharma business being undervalued<p>Leading shares have started the week on a positive note, with investors focusing on defensive stocks including consumer goods companies.</p><p>As the G8 meeting begins in Northern Ireland and ahead of this week's US Federal Reserve meeting, the <strong>FTSE 100</strong> has added 37.82 points to 6346.08 in early trading. Ishaq Siddiqi, market strategist at ETX Capital said:</p> <a href="https://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-gains-reckitt-undervalued">Continue reading...</a>BusinessReckitt BenckiserJ SainsburyVodafoneResolutionAssociated British FoodsPetrofacMon, 17 Jun 2013 08:35:20 GMThttp://www.theguardian.com/business/marketforceslive/2013/jun/17/ftse-100-gains-reckitt-undervaluedNick Fletcher2013-06-17T08:35:20ZPennon slides after warning on waste business, as FTSE under pressure againhttps://www.theguardian.com/business/marketforceslive/2012/nov/15/pennon-waste-ftse-falls
Water company says profits from its Viridor division will be below expectations as prices fall<p>In another downbeat day on the markets, <strong>Pennon</strong> sprung a leak after an afternoon trading update showed continuing problems with its waste management business.</p><p>The company, which owns South West Water, said full year profits at its Viridor division would be below market expectations because of falling prices for recycled materials. It said half year profits at Viridor would be 30% lower than the same time last year:</p> <a href="https://www.theguardian.com/business/marketforceslive/2012/nov/15/pennon-waste-ftse-falls">Continue reading...</a>BusinessPennonResolutionWood GroupManBarclaysWS AtkinsThu, 15 Nov 2012 16:50:46 GMThttp://www.theguardian.com/business/marketforceslive/2012/nov/15/pennon-waste-ftse-fallsNick Fletcher2012-11-15T16:50:46ZResolution slumps after unexpected £65m charge, as FTSE falls back on eurozone and US woeshttps://www.theguardian.com/business/marketforceslive/2012/nov/15/resolution-charges-ftse-eurozone-us
Insurer reveals cost of integrating IT systems and outsourcing some back office work<p>As markets head lower again amid a combination of concerns, insurer <strong>Resolution</strong> is one of the biggest fallers.</p><p>The company, set up to buy underperforming life businesses, has lost 9p to 230.5p after it revealed some £65m of costs related to updating its IT systems and outsourcing some of its administrative functions. Around £35m is related to adapting computer systems at businesses it bought from Axa, with another charge "in the low tens of millions" expected after a review of other IT programmes. On top of that comes an additional £30m charge for cancelling and transferring existing outsourcing contracts.</p> <a href="https://www.theguardian.com/business/marketforceslive/2012/nov/15/resolution-charges-ftse-eurozone-us">Continue reading...</a>BusinessResolutionWood GroupManAntofagastaKazakhmysXstrataGlencoreAnglo AmericanThu, 15 Nov 2012 10:02:18 GMThttp://www.theguardian.com/business/marketforceslive/2012/nov/15/resolution-charges-ftse-eurozone-usNick Fletcher2012-11-15T10:02:18ZInsurer Resolution rises on dividend hopes, as FTSE moves higher ahead of US electionhttps://www.theguardian.com/business/marketforceslive/2012/nov/06/resolution-dividend-ftse-election
Merrill Lynch issues buy recommendation on Resolution after 10% share price this year<p><strong>Resolution</strong>, the company set up to buy underperforming life insurers, has fallen 10% so far this year on worries about its structure, its outlook and its strategy.</p><p>In comparison the insurance sector is up by nearly 30% over the same period, but analysts at Bank of America Merrill Lynch believe it could be time to buy Resolution's shares.</p> <a href="https://www.theguardian.com/business/marketforceslive/2012/nov/06/resolution-dividend-ftse-election">Continue reading...</a>BusinessResolutionLegal and GeneralG4SMarks & SpencerARMInterContinental HotelsBabcock InternationalStandard CharteredAssociated British FoodsInvensysPremier OilTue, 06 Nov 2012 17:03:27 GMThttp://www.theguardian.com/business/marketforceslive/2012/nov/06/resolution-dividend-ftse-electionNick Fletcher2012-11-06T17:03:27Z